Haynes International

As part of the acquisition, Acerinox plans to invest approximately $170 million in Haynes International's Kokomo operations over four years for equipment modernization and capacity increase.

Acerinox, through its U.S. subsidiary North American Stainless, has completed its $970 million acquisition of Haynes International, a Kokomo-based nickel and cobalt high-performance alloy manufacturer. The deal includes a $200 million investment over four years, with $170 million for Haynes' Kokomo operations.

Acerinox, through its U.S. subsidiary North American Stainless, completed the acquisition of Haynes International, a U.S. manufacturer of high-performance alloys. Acerinox will invest approximately $200 million over four years in the combined U.S. business.

Haynes International announced that CFIUS clearance has been obtained for its planned merger with North American Stainless, a subsidiary of Acerinox. The merger remains subject to regulatory approvals in the UK and Austria, and is expected to close in Q4 2024.

Acerinox announced it will invest $200 million over four years at Haynes International's US production sites, including a new vacuum induction melting furnace, a new forge, and additional finishing lines.

In connection with the acquisition, Acerinox will invest an additional $200 million in U.S. operations, including $170 million in Haynes' operations.

Haynes International agreed to be acquired by North American Stainless, a wholly owned subsidiary of Acerinox, for $61.00 per share in cash. Acerinox will also invest an additional $200 million in U.S. operations, including $170 million in Haynes' operations.